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Wednesday, April 7, 2010 as of 11:14 AM ET

Federal Reserve Bank of New York

    Federal Reserve Bank of New York

    The Federal Reserve Bank of New York is one of the 12 Federal Reserve Banks of the United States. It is located at 33 Liberty Street, New York, NY.

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    1. Bank of New York
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    6. American International Group
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    Credit Suisse Wins Latest NY Fed Maiden Lane CDO Auction

    Credit Suisse (CSGN.

    VX, CS) on Tuesday won the latest sale of complex debt securities from the Federal Reserve Bank of New York, according to the New York Fed's website.Credit Suisse bought collateralized debt obligations with a face value of $691 million from the Maiden Lane III portfolio, which included securities taken on during the 2008 bailout of American International Group, the New York Fed said. The purchase was comprised of six securities backed by both commercial and residential mortgage-backed bonds.The sale of the "Putnam" CDOs is one of two planned for this week as the New York Fed expands its effort to wind down the portfolio at prices that present value for the public. Demand for commercial and residential mortgage bonds has been generally stronger this year as investors seek their extra yield and real estate markets have shown signs of stability, though the securities have suffered recent setbacks.The New York Fed earlier this month sold about $2.5 billion in the portfo...

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